TRON Has a Record-Setting Month
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Geneva, Switzerland / June 1 / – TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD, the collateralized decentralized stablecoin on TRON, making it onto CoinMarketCap's top 100 only 16 days after its May 5 launch. As of Wednesday, June 1, USDD has reached a new milestone with over USD 667 million in circulating supply burning over 8 billion TRX along the way.
TRON now ranks third among all public chains by TVL at USD 6.17 billion, following closely behind Ethereum and BNB Chain, according to data provided by DefiLlama, one of the largest TVL aggregators for DeFi. As of Thursday, May 26, TRX has surpassed AVAX to become number 13 in overall market cap at nearly USD 8 billion, according to CoinMarketCap.
According to CoinMetrics on Sunday, May 29, TRON has also ranked first in the number of active addresses compared to BTC, ETH, XRP, LINK, XLM, BNB, DOGE, MANA, ADA, QNT, LTC, DOT, ZEC, EOS, NEO, 1INCH, AAVE and QNT.
TRX has been gaining momentous backing from major asset management companies lately, including Fireblocks, a leading global digital asset and crypto infrastructure platform, which announced its support for TRX and all TRC-20 tokens of the TRON blockchain on its institutionally-focused digital asset platform last week. This announcement follows Crypto Finance, a subsidiary of Deutsche Börse, who announced its support for TRX storage, custody, and trading, making TRX available to the entire Deutsche Börse network.
In terms of stablecoin development, the TRON DAO Reserve has onboarded multiple premier blockchain institutions such as Alameda Research, Amber Group, Poloniex,
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